Bitcoin experienced a rapid $10,000 weekly rally, reaching $79,500, its highest since May, signaling a possible turning point after a shallower 50% decline compared to previous cycles. Grayscale highlights that this recovery, supported by renewed spot demand and ETF inflows, may indicate a more durable market bottom forming. Historical data shows past bitcoin cycles had deeper drops of around 80%, suggesting the current bear market could be less severe. While risks remain, including potential profit-taking and macroeconomic factors, the rally and institutional interest hint at a late-stage correction and accumulation phase for bitcoin.
Closed-end funds (CEFs) mostly posted positive returns in early August, led by Convertibles and MLP sectors, with discounts near long-term averages. FS Credit Opportunities (FSCO) raised its distribution by 2%, signaling confidence after a prior cut....
A new hard fork of Bitcoin called ECX will launch a separate blockchain that mirrors Bitcoin's ledger and issues ecash (ECX) coins 1:1 to BTC holders at a snapshot on Oct 31, 2026. Developed by Paul Sztorc and Layertwo Labs, ECX aims to support speci...
Polygon's price surged over 31% in 24 hours, driven by a significant increase in network activity and a broader positive sentiment in the crypto market. Transaction counts and active addresses on Polygon have grown substantially, alongside sharp rise...
Safe Pro Group (SPAI) received a high-risk buy rating with a $7.16 price target, indicating about 33% potential upside. Its AI segment drove a remarkable 1,336% year-over-year revenue growth in Q2 and secured over $5 million in AI-related orders for ...
Teleflex is restructuring by selling off lower-growth businesses to focus on its high-growth Vascular, Interventional, and Surgical segments. The company is using the proceeds from these divestitures to reduce debt and repurchase a significant amount...
